PSX · INV. BANKS / INV. COS. / SECURITIES COS. · 1 Hour
PASL Rising Wedge breakdown
Pervez Ahmed Consultancy Services Ltd. · 27 Oct 2026 · 14:30 PKT
▼ Bearish Breakout Pattern breakout With the trend
Closed at 2.99 on the breakout. Target 2.83, invalidation 3.47.
Trade plan
● Active- Close
- 2.99
- ▼ 6.27%
- Target
- 2.83
- -5.4%
- Invalidation
- 3.47
- +16.1%
RiskReward
- Reward : risk
- 0.3 : 1
- ATR
- 0.14
- Price now
- 3.17 +6.0%
Outcome measured on the 1 hour bars after the signal: target or invalidation, whichever is touched first; a bar touching both counts as invalidated.
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
PASL broke below its rising wedge on the hourly close at 2.99.
Projected target 2.83 (-5.4%). The pattern is invalidated beyond 3.47 (+16.1%), a reward-to-risk of about 0.3 : 1. A close back inside the pattern within 12 candles is treated as a fake-out.
Structure: bearish external, bullish internal (strong high 3.84). Nearest demand OB 2.60 - 2.68, supply OB 3.60 - 3.75.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing below the pattern at 2.99.
- 2 The target, 2.83 (-5.4%), is the pattern's height projected from the breakout.
- 3 A move to the invalidation level, 3.47 (+16.1%), cancels the setup.
- 4 Reward : risk is 0.3 : 1: the distance to the target divided by the distance to invalidation.
- 5 Trend context: with the trend.
Pattern guide
About the rising wedge
A rising wedge is two upward-sloping lines that converge; the buying loses momentum and a break below the lower line is usually bearish.
- Confirmation
- A close below the lower wedge line.
- Target
- The wedge's widest height, projected down from the breakout.
- Fails if
- A close back above the lower line or above the wedge's last high.